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About Cryptos and Slots FAQ

What are the benefits of cryptocurrencies?

Cryptocurrencies and digital coins in general have several benefits.

Anonymity is the first one. With cryptocurrencies, you never have to reveal your identity, and there are no personal details associated with your account.

This also means that cryptocurrency transactions are typically very fast and inexpensive. Usually, transactions on Bitcoin take just a few seconds to complete and are validated in minutes.

No bank or other institution is involved, so cryptocurrency users do not have to deal with transaction fees. Bitcoin also allows for users to send or receive payments with other users across the globe without the need for a third party.

Although the use of digital currency, such as theft, has many drawbacks, there are advantages of using them as well. Regulatory regulation or taxes should not be complied with by cryptocurrencies, because transfers are private, meaning no one can trace them back to you.

Often, cryptocurrencies are a perfect way to raise money from a relative lack of laws. In the UK, cryptocurrency is considered “legal tender” — meaning that it can be used and accepted in the same way as money.

This ensures that it’s easy to exchange digital currency online for a profit, when you don’t need to register with the Financial Conduct Authority, the financial regulator of the UK, as a broker. You can also purchase or sell Bitcoin on major exchanges for pounds without having to request an application for a license from a real-name broker.

Why do you need bitcoin?

Let’s say you’re trying to travel in a foreign country where the locals don’t speak English. You could use some online translation services, but they are expensive. If you didn’t bring anything with you and just used your phone, you’d be very limited. With bitcoin, you could convert foreign currency into bitcoin, transfer the bitcoin to your phone, and use it in the country to buy something.

Your money gets deposited in a bank with Venmo or Paypal. With bitcoin, your money is stored in a wallet on your phone, and you can spend it anywhere you want. Because of that, cryptocurrency can be useful in the global marketplace, which isn’t the case for many currencies.

What are online Slots?

You have heard the term ‘online casino’ at one time or another. But did you know that with your screen, tablet, and smartphone, you can now play some of the finest gaming slots? Slots are simply free games, ensuring that there is no cost to join, play and win at all, meaning there is no shame or anxiety for future addictions to gaming. Perhaps better, there’s no need for actual money to make a deposit or to wager.

There are over 50,000 free online slot games to choose from, providing an assortment of options for your every taste of gambling. You’ll encounter massive jackpots and cash and prize payouts that will compete with the likes of the biggest casinos in the country.